Principals warned to check small print on buy-out offers

Threesixty director Phil Young rated buy-out deals "the hot topic" of the moment, with networks and other purchasing vehicles looking to draw the attention of advisers who want to sell up and leave the industry ahead of RDR implementation on 1 January 2013. Some promise lucrative offers of four or even five times trail commission ‘guaranteed'. However Young said many of these deals fail on closer inspection. "Everyone is trying to come up with something that attracts IFAs straight away," he said. "But often there is nothing concrete in the contract, or there are so many get-out clause...